RCom clocks second-quarter profit surge due to one-time gain

India`s Reliance Communications Ltd posted a sharp rise in its quarterly profit on Saturday, as it recorded a one-time gain.

Net profit for the July-September quarter came in at 67.98 billion rupees ($939 million), compared to a profit of 420 million rupees a year earlier.

Revenue from operations fell 41.7 percent to 3.34 billion rupees.

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The company said earlier this year that it had completed the sale of its fibre assets to Reliance Jio, the telecoms arm of oil-to-telecoms conglomerate Reliance Industries Ltd.($1 = 72.4350 Indian rupees)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)